BlackRock Large Cap Value ETF

BLCV

Market cap $348M

BLCV is an actively managed and concentrated large-cap value ETF benchmarked against the Russell 1000 Value Index. Its expense ratio is 0.46% and the ETF has $29 million in AUM. Despite its relative unpopularity, BLCV has soundly beat its benchmark since its launch on May 19, 2023. I attribute this to its 13.17x forward P/E, which is discounted by 19%. This analysis compares BLCV with four alternatives: IWD, VTV, CGDV, and FELV. I determined it easily has the most exposure to the value factor, though I have concerns about quality.

There are more than 3,000 ETFs for advisors and investors to consider including dozens that launched in September alone. It is hard for recent products to get on the radar and gather assets.

Actively managed ETFs represented less than 10% of U.S. assets but gathered approximately 30% of the industry's flows this year, as of August. This is more than triple the market share achieved during 2021, when ETFs gathered more than $900 billion, the current record.